Harbour Capital Advisors LLC Acquires New Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Harbour Capital Advisors LLC purchased a new stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 69,315 shares of the company's stock, valued at approximately $575,000.

Several other large investors have also recently bought and sold shares of TIGR. Tower Research Capital LLC TRC raised its holdings in UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $30,000 after acquiring an additional 3,901 shares during the period. SBI Securities Co. Ltd. bought a new position in UP Fintech in the 4th quarter valued at about $34,000. Deutsche Bank AG bought a new position in UP Fintech in the 4th quarter valued at about $38,000. Tairen Capital Ltd bought a new position in UP Fintech in the 4th quarter valued at about $68,000. Finally, GAMMA Investing LLC raised its holdings in UP Fintech by 17.4% in the 1st quarter. GAMMA Investing LLC now owns 10,728 shares of the company's stock valued at $92,000 after acquiring an additional 1,592 shares during the period. 9.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TIGR. Wall Street Zen raised shares of UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Bank of America started coverage on shares of UP Fintech in a report on Monday, March 17th. They issued a "buy" rating on the stock. Finally, Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and raised their target price for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $8.83.

UP Fintech Stock Performance

Shares of TIGR traded down $0.52 during mid-day trading on Friday, hitting $9.42. 5,601,438 shares of the company's stock were exchanged, compared to its average volume of 7,485,401. UP Fintech Holding Limited has a 52 week low of $3.36 and a 52 week high of $14.48. The stock's 50-day simple moving average is $8.62 and its 200-day simple moving average is $7.79. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 0.90 and a beta of 0.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23.

UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.20 EPS for the quarter. UP Fintech had a net margin of 18.11% and a return on equity of 13.19%. The company had revenue of $122.61 million for the quarter.

UP Fintech Profile

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.